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Unfortunately, Mr. Chestnut and his piece, "Floating," did not entirely deliver.
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But floating doesn't provide a complete defence from harm.
In "The Kármán Line" — spoilers follow — Sarah's floating doesn't stop.
Rather, these currency regimes, which sit between rigidly fixed and floating, do not have a good record.
If the sending device is fully floating, do not connect the minus wire at the sending device.
We find that in general, allowing the exchange rate to float does not facilitate relative price adjustment, in face of country-specific shocks.
The idea is so doubtful that even stock traders and analysts, sometimes known to be a willfully gullible bunch when optimistic financial news is floated, don't buy it.
Gov. Matt Bevin's administration floated doing so last week, as a means of closing a $300 million shortfall in the state's Medicaid budget.
Unfortunately, the non-compromise he floated does not reduce by one penny the amount of money he would force Catholics to spend on those items.
Yet the doubling of the dollar float did nothing to alter the real economics of farming in a modernized economy.
He's also the first to admit that past attempts to launch floating communities didn't fare so well.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com